Sinopec's 'Class A' Shares Close
With Modest 3.3% Gain at Debut

By

Ramoncito Dela Cruz Dow Jones Newswires

Updated Aug. 8, 2001 7:41 a.m. ET

SHANGHAI, China -- China Petroleum & Chemical Corp.'s "Class A" shares performed weaker than expected at their debut on the Shanghai exchange Wednesday, with some analysts forecasting more downside due to adverse market conditions.

Sinopec's 1.54 billion A shares closed at 4.36 yuan (US$0.53) a share, up only 3.3% against their...